How do I change the tax year in MYOB accountright live

[OceanSpray]

I started using accountright live last year 01/04/2014 - the system thinks my tax year is 2014 but it should be 2015?  How do I change this?

[jenniek]

Hi @OceanSpray

If you check in Setup - Company Information - you should see your financial year and from what you say it should say Mar 2014. You should then go to File - Close a financial year and close off the 2014 year into the 2015 year.

[OceanSpray]

The entries that I have put in all relate to 1/4/2014 to 31/03/2015 - so If I change the financial year as instructed Jennie - this will not effect any of those transactions will it??  Thanks I think this will fix it - I await your reply - cheers

[jenniek · Accepted solution]

Hi @OceanSpray

No it will not affect any transactions for 2014-2015 year - it will close off any transactions dated prior to 31/3/14 - of which you have none anyway by the sound of it. When you created the file to start, you might have done this prior to 1/4/14 and the system wouldhave defaulted to the "current" financial year at the time.